Transcript

Which is most important to your organization: "Mission, Vision, Purpose, or Core Values?"

There is no secret sauce, every successful organization has 4 major elements to their successes. Those four elements are Mission, Vision, Purpose and Core Values.

Mission - The mission of an organization speaks to the goals and philosophies underlying the business. "Because your mission dictates how you do your work. And how you do your work, dictates where you are going to be in the future; which is a testament to what your Vision is." Stephen M. Daste, Principal/managing Director, FFC Capital Markets.

Vision – Having a clear vision of where you are going is crucial in any field of human endeavor. This is especially true in regards to business. "If you don't know where you are going, you can't get there." Ronald Damper, CEO, DAMRON Corporation.

Purpose - Every organization has a purpose. That purpose may be clear or vague. It may be conscious or unconscious, written or unwritten. No organization is ever formed—or continues to exist—without some sort of purpose. "Our purpose is what gets us up in the morning. And it's to create life-enriching experiences for every single person that we touch." Tillie Hildalgo Lima, President/CEO, Best Upon Request.

Core Values - Values are the ideals that we esteem as a company. They are the philosophical foundation of our corporate ideology. They are the things that we hold dear and use to make decisions and keep us on-track. They are what we believe—no matter what. "Core values come back to who you are and what that organization stands for." Brad Campbell, CEO, Ioway Energy/Construction. "Excellence is a core value. That's what I want you to bring to the table when you are talking to our leaders" Debra Jennings-Johnson, Senior Director Supplier Diversity, BP America.

Please watch the video above to hear successful members of the NMSDC network talk about these crucial elements of a successful organization.

- - - - - - - - - - - - - - - - - - -Tillie Hidalgo LimaPresident/CEOBest Upon Request"Our Purpose is what gets us up in the morning. And it's to create life-enriching experiences for every single person that we touch."

- - - - - - - - - - - - - - - - - - -Stephen M. DastePrincipal/managing DirectorFFC Capital Markets"Because your Mission dictates how you do your work. And how you do your work, dictates where you are going to be in the future; which is a testament to what your Vision is."